99 Acquisition Group Inc. Announces the Separate Trading of its Share of Class A Common Stock, Warrants and Rights
10 October 2023 - 11:19AM
99 Acquisition Group Inc. (Nasdaq: “NNAGU”) (the “Company”)
announced today that commencing October 9, 2023, holders of the
units sold in the Company's initial public offering of 7,500,000
units (the “Units”) may elect to separately trade the shares of
Class A common stock, warrants and rights included in the Units.
Those Units not separated will continue to trade on the Nasdaq
Global Market (the “Nasdaq”) under the symbol “ NNAGU “. The Class
A common stock, warrants and rights that are separated will trade
on the Nasdaq under the symbols "NNAG”, “NNAGW” and “NNAGR,”
respectively. Each unit consists of one share of Class A common
stock, one redeemable warrant and one right to receive one-fifth
(1/5) of a share of Class A common stock upon the consummation of
an initial business combination. Each whole warrant entitles the
holder thereof to purchase one share of Class A common stock at a
price of $11.50 per share. Holders of the Units will need to have
their brokers contact Continental Stock Transfer & Trust
Company, the Company's transfer agent, in order to separate the
Units into shares of Class A common stock, warrants and rights.
The offering was made only by means of a prospectus. Copies of
the prospectus may be obtained from EF Hutton, division of
Benchmark Investments, LLC, Attn: Syndicate Department, 590 Madison
Ave., 39th Floor, New York, New York 10022, by telephone at (212)
404-7002, by fax at (646) 861-4697, or by email at
syndicate@efhuttongroup.com.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About 99 Acquisition Group Inc.
99 Acquisition Group Inc. is a newly incorporated blank check
company incorporated as a Delaware corporation for the purpose of
effecting a merger, share exchange, asset acquisition, share
purchase, reorganization or similar business combination with one
or more businesses.
Forward Looking Statements
This press release includes forward looking statements that
involve risks and uncertainties. Forward looking statements are
subject to numerous conditions, risks and changes in circumstances,
many of which are beyond the control of the Company, including
those set forth in the “Risk Factors” section of the Company's
registration statement and prospectus for the offering filed with
the SEC. The Company expressly disclaims any obligations or
undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change
in the Company's expectations with respect thereto or any change in
events, conditions or circumstances on which any statement is
based.
Company Contact:
Hiren Patel Chairman and Chief Executive Officer 99 Acquisition
Group, Inc. (703) 371-4260 hpatel@intelvative.com
99 Acquisition (NASDAQ:NNAGU)
Historical Stock Chart
From Apr 2024 to May 2024
99 Acquisition (NASDAQ:NNAGU)
Historical Stock Chart
From May 2023 to May 2024